Granby Ranch officially went up for sale this week, but you won’t find a price tag.
Jeff Woolson, managing director of the golf and resort properties group within CBRE, which is handling the resort side of the sale, confirmed that the Grand County property hit the market on Monday, but said it is the market that will determine its value.
Woolson said itap common not to attach a cost when there are so many components to the sale.
“(The property has) so many revenue generators, from ski to golf to residential and fishing; and people put different value on different things,” Woolson explained.
Granby Ranch CEO Melissa Cipriani agreed with Woolson’s assessment.
“The property has a lot of moving parts, including operating businesses and almost 5,000 acres of land, all of which have different values to different investors,” she said. “So itap best to leave the asset unpriced and allow the market to determine its highest value.”
It could also take at least one year for Granby Ranch to welcome a new owner, according to Woolson.
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